Tier One closes $3.31-million 1st tranche of financing

Mr. Peter Dembicki reports TIER ONE SILVER CLOSES FIRST TRANCHE OF PREVIOUSLY ANNOUNCED UPSIZED PRIVATE PLACEMENT Tier One Silver Inc. has completed the first tranche of its previously announced upsized non-brokered private placement by issuing 41,488,000 units at eight cents per unit for gross proceeds to the company of $3,319,040. Each unit consists of one common share and one full common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of 11 cents at any time on or before Sept. 11, 2028. A second and final tranche of the offering is expected to close on or about Sept. 16, 2025, subject to the receipt of funds and subscription agreements. The proposed use of proceeds from the offering is to finance exploration at Curibaya, new project investigation and general working capital. In connection with the closing of the first tranche of the offering, the company paid cash finders' fees of $205,173 and issued 2,564,660 non-transferable finder warrants. Each finder warrant is exercisable on the same terms as the unit warrants as noted above. In addition, on the closing of the second and final tranche, the company intends to pay a corporate finance fee to a registrant who acted as financial adviser and administrator in relation to the offering. In accordance with applicable securities laws, the shares, warrants and any additional shares issued on exercise of the warrants are subject to a four-month-and-one-day hold period in Canada from the date of issuance, which for the first tranche expires Jan. 12, 2026. The warrants issued to certain of the investors contain a restriction precluding their exercise to the extent that the holder would as a consequence of exercise exceed 9.99 per cent of issued shares. Accordingly, no new insiders will result from the offering. Final approval by the TSX Venture Exchange is expected upon filing standard documentation. About Tier One Silver Inc. Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits in South America. The company is focused on its flagship exploration project, Curibaya, but continues to investigate other potential projects of merit. The company's management and technical teams have a strong record in raising capital, discovery and monetization of exploration success. We seek Safe Harbor.